Nokia is making a big bet on the AI infrastructure boom. On Thursday, the company announced the launch of its AI Networking Innovation Lab, a facility designed to accelerate co-innovation with partners and push forward the next generation of networking for AI data centers.
The lab will act as a collaboration hub where Nokia and its partners can develop advanced networking technologies, architectures, and ecosystems. The goal is to create what Nokia calls "AI-native" data center networking — systems built from the ground up to handle the demands of large-scale AI training and distributed, real-time inference.
Think of it this way: as AI models get bigger and more complex, the networks connecting thousands of GPUs and servers need to keep up. That's where Nokia wants to play. The lab brings together AI networking protocols, switching silicon, hardware platforms, and new architectural concepts, with joint validation across a partner ecosystem.
Initial technology collaborators include AMD (AMD), Everpure, Keysight Technologies (KEYS), Lenovo (LNVGY), Nscale, Supermicro (SMCI), and WEKA. It's a solid lineup of chipmakers, test equipment providers, server builders, and cloud infrastructure players.
Broadband Devices Get the Green Light
Nokia also had a good week on the regulatory front. On Monday, the company disclosed that it secured FCC approval for its in-home broadband devices. That's a key step to keep U.S. broadband deployments moving without disruption. Nokia expects this to keep customer rollouts on track by clearing a major regulatory requirement for this device category.
What the Charts Say
From a technical perspective, Nokia's stock is still in a strong uptrend. Shares are trading 5.4% above their 20-day simple moving average (SMA) of $12.88, 29% above the 50-day SMA of $10.52, 54.8% above the 100-day SMA of $8.77, and a whopping 90.6% above the 200-day SMA of $7.12. That stack of moving averages — with the 20-day above the 50-day, and the 50-day above the 200-day (a golden cross) — keeps the primary trend constructive.
But momentum is a different story. The MACD (moving average convergence divergence) is below its signal line, and the histogram is negative. In plain English, that means the buying pressure that drove the stock higher is cooling off. Unless the price can re-accelerate, the near-term picture looks a bit less rosy.
Earnings Preview: July 2026
The next big catalyst for Nokia is its July 23, 2026 (estimated) earnings report. Here's what analysts are expecting:
- EPS Estimate: 7 cents (up from 4 cents a year ago)
- Revenue Estimate: $5.62 billion (up from $5.15 billion a year ago)
- Valuation: P/E of 83.5x — that's a premium valuation relative to peers, so the market is pricing in some serious growth.
Analyst consensus is a Buy rating, with an average price target of $10.33. Recent moves include:
- Argus Research: Upgraded to Buy with a $15.00 target (April 27)
- Morgan Stanley: Initiated with Overweight and an $8.00 target (February 9)
- JP Morgan: Overweight, raised target to $8.00 (December 1, 2025)
Note that the current stock price of around $13.58 is well above the average target, so either analysts need to raise their targets, or the stock could be due for a pullback.
ETF Exposure
Nokia also has meaningful weight in a few thematic ETFs, which can create automatic buying or selling pressure when money flows in or out of those funds:
Price Action: Nokia shares were trading lower by 0.30% at $13.58 during premarket trading on Thursday.
